General Motors (GM) 01 (Jun 08 - Jul 10 )

[helios]

ah Ken ge ge,

i always respect you for your candid opinion.

based on what we see, that was an engulfment yesterday, except the body was not long enough!!

link: http://stockcharts.com/h-sc/ui?s=GM

(vested)

[kennynah]

you are right san mei mei... that was not an engulfment....it attempted by failed...

in any case..i tcss most times...

like i said...i sure hope this baby does a rally now...as i am not invested in it...i wont make any difference to me...

cheers

[helios]

if tonight closed > 1.45, it would mean that the previous gap-down was covered ...

the buying participation looks strong last night and tonight, & this's not considered as confirmation ... at least not yet ... ...

other than the previous batches, i've loaded some at 1.2 recently ...

[kennynah]

wah...GM is very strong hor.... no more fear of chapter 11 or 6 hor??

[helios]

very interesting, look at the engulfment ... gaps were covered and this time is long & significant

next upside to 2.2.

http://stockcharts.com/h-sc/ui?s=GM

(vested)

[millionairemind]

May 22, 2009, 2:28 a.m. EST
GM to file for bankruptcy as early as next week, report says
By MarketWatch

LOS ANGELES (MarketWatch) -- The Obama administration is preparing to send General Motors Corp. into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing, the Washington Post reported Friday, citing sources familiar with the discussions.

Under the draft bankruptcy plan for GM /quotes/comstock/13*!gm/quotes/nls/gm (GM 1.92, +0.47, +32.41%) , the company would receive just short of $30 billion in additional federal loans, the report said, but added that the figure is a starting point in negotiations and could change.

A bankruptcy filing would come in spite of a breakthrough deal between GM, the United Auto Workers union and the U.S. Treasury that would pave the way for lower labor and health-care costs at the struggling automaker. See story on GM labor deal.

Such a move would also leave Ford Motor Co. /quotes/comstock/13*!f/quotes/nls/f (F 5.33, -0.08, -1.48%) as the only of the three major U.S. auto makers to have avoided a bankruptcy filing in the current global economic downturn.

[blid2def]

This thing like 台湾龙卷风... bei liao one...

Anyway, grats SS on your successful trade yet again.

[helios]

Which means early next week, i need to decide if i'm exiting [out of the picture] ...

Charlie, what shall i do?

[helios]

yes, this one is a typhoon during the 1st hour trading ...

[iam802]

must have make money

congrats